oc2much@yahoo.com1. Overview
A mini-plastic recycling business collects waste plastics, processes them into pellets or new products, and sells to manufacturers. It’s eco-friendly and increasingly profitable in Nigerian cities.
2. Market Opportunity
- Target customers: Local manufacturers, construction firms, artisans.
- Trend: Rising plastic waste awareness, demand for recycled materials.
- Competition: Moderate, mostly small-scale operations.
3. Startup Cost Breakdown (₦)
| Item | Cost (₦) | Notes |
|---|---|---|
| Shredder machine | 15,000 | Small manual/electric |
| Molds for products | 5,000 | Optional for secondary products |
| Raw plastic waste | 0–5,000 | Collect from neighborhoods |
| Workspace setup | 5,000 | Garage or backyard |
| Total Startup Cost | ₦20,000–₦25,000 |
4. How to Earn ₦100k Monthly
- Process ~50 kg of plastic weekly, sell at ₦5,000/kg
- Weekly revenue: 50 × ₦5,000 = ₦250,000
- Monthly revenue: ₦250,000 × 4 = ₦1,000,000
- Subtract small overhead (~₦900,000) → Net Profit: ₦100,000/month
- Marketing: Partner with waste collectors, advertise recycled products.
5. Profit Projection
- Startup recovery: 1st month
- Monthly net profit: ₦100,000
- ROI: 400–500% within the first month.
6. Challenges & Tips
- Challenge: Inconsistent plastic supply → Partner with local collectors.
- Tip: Diversify into recycled products like mats or bricks for higher profit.
7. Feasibility Verdict
Medium – Low startup, moderate demand, requires consistent plastic sourcing.
